Carpolling platform raises $11M

Tripda, the global carpooling social network that made its Philippine debut in October 2014, has today announced an $11 million Series A funding round by Rocket Internet and other investors, including top tier US venture capital funds.

Tripda plans to use the new round of funding to expand its global operations and grow its user base across 13 countries where it operates, as well as continuing to develop its web and mobile product for multiple markets.

“We are very grateful for the continued confidence of Rocket Internet and the backing by a prominent New-York based investor. The investment is a clear recognition of our leading regional footprint and an affirmation of the growth strategy and potential of our business,” Pedro Meduna, co-founder and CEO of Tripda, said in a statement.

“It provides us with the strategic flexibility to further grow our community by connecting even more travelers going the same way.” Meduna said.